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Tottenham

Squad cost ratio (SCR) for the 2026/27 season: the Orange Ledger's independent estimate for the Premier League's 1 March 2027 test, updated as new data arrives.

SCR under the rule80.4%Range 76.6% to 85.8% · ranked 13 of 20
Before player-sale profit89.5%Squad costs against revenue alone
Distance to 85%4.6 ptsBelow 85%: no levy

Where the revenue goes

Squad costs as a share of revenue
Player and head-coach wages: £236.2m, 43.9% of revenueTransfer amortisation: £210.9m, 39.2% of revenueAgents' fees: £14.4m, 2.7% of revenueOther squad costs (loans, net): £20.0m, 3.7% of revenueRemaining revenue: £56.4m, 10.5% of revenueSCR limit89.5%of revenue
Squad costs under the rule
Player and head-coach wages: £236.2m, 39.4% of revenue + avg sale profitTransfer amortisation: £210.9m, 35.2% of revenue + avg sale profitAgents' fees: £14.4m, 2.4% of revenue + avg sale profitOther squad costs (loans, net): £20.0m, 3.3% of revenue + avg sale profitRemaining revenue: £117.3m, 19.6% of revenue + avg sale profitSCR limit80.4%of revenue +avg sale profit
  • Player and head-coach wages £236.2m
  • Transfer amortisation £210.9m
  • Agents' fees £14.4m
  • Other squad costs (loans, net) £20.0m
  • Remaining revenue

The squad costs the same £481.5m in both rings; only what it is measured against changes. Adding the three-year average profit on player sales (£60.9m a year) to revenue takes the ratio from 89.5% to 80.4%, so selling players is worth 9.1 points to Tottenham under the rule.

Squad costs and revenue: the Orange Ledger's estimate for the 1 March 2027 test, rolled forward from the 2024/25 accounts; three-year average of player-sale profit. The 85% tick marks the rule's limit on each ring.

Filed accounts, 2024/25

Revenue, £m
564.9
Profit before tax, £m, as filed
(120.6)
Net assets, £m
620.2

Premier League, nearest group accounts as filed at Companies House, read twice. Losses and net liabilities in brackets.

20 seasons of finances →
Next date for Tottenham31 March 2027Tottenham's 2025/26 accounts due at Companies House: the filing that tests this estimateFull calendar →

How the SCR is built

Estimate for the 1 March 2027 test, £m

Player and head-coach wages236.2
Transfer fees, spread over contracts210.9
Agents' fees14.4
Loans, net: players borrowed, less relief on players lent20.0
Squad costs481.5
Revenue counted by the rule537.9
Three-year average profit on player sales60.9
Revenue plus averaged sale profit598.8
SCR under the rule80.4%
Before player-sale profit89.5%

SCR = squad costs ÷ (revenue counted by the rule + three-year average profit on player sales).

Latest filed accounts

2024/25, year to 30 June 2025, £m

Turnover564.9
Matchday126.5
Uefa prize money34.7
Broadcasting127.0
Commercial276.7
Staff costs, all employees255.8
Transfer fees written off (amortisation)141.2
Profit on player sales52.6
Squad book value (player registrations)412.9

Tottenham Hotspur Limited (company 01706358), as filed at Companies House. The SCR uses the club's accounts, rolled forward to 2026/27.

SCR 2026/27 articles

Figures are from the latest completed checkpoint. They are the Orange Ledger's estimates, not official figures. Tottenham's finances, season by season · All 20 clubs.

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